The government has had a passive position while in the economic system. Colonial governments had minimal industrial plan, and applied almost no trade controls. beneath the doctrine of "constructive non-interventionism", put up-war administrations deliberately averted the direct allocation of means; Energetic intervention was deemed detrimental to financial development.
since the mainland liberalised its overall economy, Hong Kong's delivery marketplace faced powerful Competitors from other Chinese ports. Fifty per cent of China's trade items were routed by Hong Kong in 1997, dropping to about 13 per cent by 2015.[216] The territory's negligible taxation, widespread law system, and civil assistance catch the attention of overseas organizations wishing to establish a existence in Asia.
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